Yahoo buys email Address Book Service provider Xobni price more than 48 million dollars

The price is higher than the $30 million trillion to $40 million that the media previously reported on the takeover news. Yahoo initially offered US $30 million to $40 million, but Xobni is unwilling to accept it because its average investor may not be able to get any return at that price, so Yahoo will raise its offer to $48 million.

This means that investors, including the Round Capital, Baseline Ventures and Khosla Ventures, have only made a modest profit from their $39 million trillion investment. Founded in 2008, Xobni in 2006 from business incubator Y Combinator obtained the initial financing.

This result is also possible for xobni. The company actually did not get the expected progress, has been to several companies to sell, and Yahoo offers is the best, it also has strong mailbox products, so is the most suitable for xobni.

Perhaps the most interesting part of the acquisition is the role that XOBNI CEO Jeff Bonfert Jeff Bonforte will play in Yahoo. Before leading xobni, he served as vice president of Yahoo's social search and real-time communications.

Yahoo is in dire need of a strong leadership in this important area of communications after the recent turmoil in Yahoo Mail and the massive innovation that other companies in the field have made. Bonfert will lead a major project that CEO Marissa (Marissa Mayer) values, the source said.

Therefore, it is important to retain other employees of Bonfert and Xobni, who, if they stay, will receive an equity award of up to 5 million dollars a year. Of course, these rewards will not fall into the pockets of xobni investors, and how much will depend on the time and other factors that XOBNI employees remain in Yahoo.